McCarthy signals Ex-Im Bank dead for now

For the second time in a week, Majority Leader Kevin McCarthy has rejected the idea of passing a Senate long-term highway funding bill that would include a provision to revive the Export-Import Bank.

"My best advice to the Senate is to get our highway bill moving forward," McCarthy told reporters.

McCarthy said the House will adjourn in four days, on Thursday, and will not stick around to take up any highway spending measure sent from the Senate.

His decision essentially ends any hope of reviving the authorization of the Export-Import Bank, which expired on June 30. Many Republicans and almost every Democrat wants to keep the bank alive, but a significant number of conservative lawmakers call the bank a form of corporate welfare.